If you’re ready to purchase a new or pre-owned Land Rover SUV, getting pre-approved for your Land Rover finance plan should be at the top of your list of things to do. Whether you’re new to the process or a car-financing veteran, pre-approval offers several advantages. Here at Land Rover Peabody near Boston, our friendly team of professionals is happy to share our pre-approval tips.
Know Your Credit Score
There are a number of factors that go into the loan approval decision, but your credit score is the most important. If you don’t know your credit score, the first thing you should do is make sure that your credit report contains accurate information. Finding out your credit score is free, and if you discover it’s not as high as you would like, here are a few tips to raise it:
- Pay your outstanding debts
- Don’t carry a large balance
- Request higher credit limits
Set a Budget
One of the most important things to consider when purchasing a new or pre-owned Land Rover vehicle is whether it will fit into your budget. Utilize an online car payment calculator to see what your ideal monthly payment will be.
Advantages of Getting Pre-Approved
Why should you consider getting pre-approved for a loan in the first place? Getting pre-approved offers several advantages, including:
- Allows you to establish a realistic budget based on your pre-approval limits
- Demonstrates to the dealership that you’re a serious buyer
- Streamlines the financing process, allowing you to drive off our dealership lot in your new vehicle in no time
Start the Pre-Approval Process Today
Here at Land Rover Peabody, our Land Rover finance experts are ready to get you behind the wheel of a new Land Rover SUV. Start the pre-approval process today directly on our website and schedule an appointment at our Boston-area Land Rover dealership today!